Pioneer Floating Rate Fund Market Value
| FLARX Fund | USD 6.12 0.01 0.16% |
| Symbol | Pioneer |
Pioneer Floating 'What if' Analysis
In the world of financial modeling, what-if analysis is part of sensitivity analysis performed to test how changes in assumptions impact individual outputs in a model. When applied to Pioneer Floating's mutual fund what-if analysis refers to the analyzing how the change in your past investing horizon will affect the profitability against the current market value of Pioneer Floating.
| 12/29/2023 |
| 12/23/2024 |
If you would invest 0.00 in Pioneer Floating on December 29, 2023 and sell it all today you would earn a total of 0.00 from holding Pioneer Floating Rate or generate 0.0% return on investment in Pioneer Floating over 360 days. Pioneer Floating is related to or competes with Pioneer Fundamental, Pioneer Global, Pioneer Disciplined, Pioneer Disciplined, Pioneer Disciplined, Pioneer Disciplined, and Pioneer Disciplined. Normally, the fund invests at least 80 percent of its net assets in floating rate loans and other floating rate investme... More
Pioneer Floating Upside/Downside Indicators
Understanding different market momentum indicators often help investors to time their next move. Potential upside and downside technical ratios enable traders to measure Pioneer Floating's mutual fund current market value against overall market sentiment and can be a good tool during both bulling and bearish trends. Here we outline some of the essential indicators to assess Pioneer Floating Rate upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.06) | |||
| Maximum Drawdown | 0.8276 | |||
| Potential Upside | 0.1637 |
Pioneer Floating Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Pioneer Floating's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Pioneer Floating's standard deviation. In reality, there are many statistical measures that can use Pioneer Floating historical prices to predict the future Pioneer Floating's volatility.| Risk Adjusted Performance | 0.1063 | |||
| Jensen Alpha | 0.0153 | |||
| Total Risk Alpha | 0.0116 | |||
| Treynor Ratio | (1.21) |
Pioneer Floating Rate Backtested Returns
At this stage we consider Pioneer Mutual Fund to be very steady. Pioneer Floating Rate maintains Sharpe Ratio (i.e., Efficiency) of 0.21, which implies the entity had a 0.21% return per unit of risk over the last 3 months. We have found twenty technical indicators for Pioneer Floating Rate, which you can use to evaluate the volatility of the fund. Please check Pioneer Floating's Coefficient Of Variation of 494.06, risk adjusted performance of 0.1063, and Variance of 0.0153 to confirm if the risk estimate we provide is consistent with the expected return of 0.0258%. The fund holds a Beta of -0.0124, which implies not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Pioneer Floating are expected to decrease at a much lower rate. During the bear market, Pioneer Floating is likely to outperform the market.
Auto-correlation | 0.96 |
Excellent predictability
Pioneer Floating Rate has excellent predictability. Overlapping area represents the amount of predictability between Pioneer Floating time series from 29th of December 2023 to 26th of June 2024 and 26th of June 2024 to 23rd of December 2024. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of Pioneer Floating Rate price movement. The serial correlation of 0.96 indicates that 96.0% of current Pioneer Floating price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.96 | |
| Spearman Rank Test | 0.98 | |
| Residual Average | 0.0 | |
| Price Variance | 0.01 |
Pioneer Floating Rate lagged returns against current returns
Autocorrelation, which is Pioneer Floating mutual fund's lagged correlation, explains the relationship between observations of its time series of returns over different periods of time. The observations are said to be independent if autocorrelation is zero. Autocorrelation is calculated as a function of mean and variance and can have practical application in predicting Pioneer Floating's mutual fund expected returns. We can calculate the autocorrelation of Pioneer Floating returns to help us make a trade decision. For example, suppose you find that Pioneer Floating has exhibited high autocorrelation historically, and you observe that the mutual fund is moving up for the past few days. In that case, you can expect the price movement to match the lagging time series.
Current and Lagged Values |
| Timeline |
Pioneer Floating regressed lagged prices vs. current prices
Serial correlation can be approximated by using the Durbin-Watson (DW) test. The correlation can be either positive or negative. If Pioneer Floating mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Pioneer Floating mutual fund is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Pioneer Floating mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Pioneer Floating Lagged Returns
When evaluating Pioneer Floating's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Pioneer Floating mutual fund have on its future price. Pioneer Floating autocorrelation represents the degree of similarity between a given time horizon and a lagged version of the same horizon over the previous time interval. In other words, Pioneer Floating autocorrelation shows the relationship between Pioneer Floating mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Pioneer Floating Rate.
Regressed Prices |
| Timeline |
Also Currently Popular
Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.Other Information on Investing in Pioneer Mutual Fund
Pioneer Floating financial ratios help investors to determine whether Pioneer Mutual Fund is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in Pioneer with respect to the benefits of owning Pioneer Floating security.
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